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...also obvious. And by trailing something you'd expect to already be an aim of record companies everywhere, Hands has drawn suspicion. "Here's a business person trying to turn [EMI] into a more creative company," says Dave Allen, bass player with British post-punk band Gang of Four, a former EMI charge. "In my mind, it's smoke and mirrors...

Author: /time Magazine | Title: Big Cuts Planned at EMI | 1/15/2008 | See Source »

...giving prizes for people who don't win Oscars. In 1950 it instituted a Most Promising Newcomer award. (What the young actors had to promise the members remained vague.) This was the category that, 22 years later, brought scandal on the HFPA when shady businessman Meshulam Riklis invited the gang to Las Vegas to meet his young wife, Pia Zadora, then gracing a turkey called Butterfly (Diving Bell not included), and, presto, she won the prize...

Author: /time Magazine | Title: The Golden Globes — Who Cares? | 1/14/2008 | See Source »

...really know what The Wire is you have to know what the wire, lowercase, is. In the first season of the series, in 2002, the wire was a wiretap, which a team of Baltimore cops used in a season-long probe of a drug gang. At first blush, it sounded too conventional for the home of The Sopranos. A police drama on HBO? What's next? A sitcom about a friendly Martian? "We were the 'gritty cop show,'" David Simon, the former police reporter who created the series, recalls of some dismissive early reviews...

Author: /time Magazine | Title: Connecting the Dots | 1/3/2008 | See Source »

...despite those qualities--or because of them--knows he's a dinosaur. Maybe the greatest hero on The Wire is Lester Freamon (Clarke Peters), an old-school detective who explains to a young colleague how tediously scouring documents to connect a politician to drug money is better than collaring gang members on the street: "A case like this, here, where you show who gets paid behind all the tragedy and the fraud, where you show how the money routes itself, how we're all, all of us, vested, all of us complicit? Baby, I could die happy...

Author: /time Magazine | Title: Connecting the Dots | 1/3/2008 | See Source »

Such a funding crisis was just months away in 1983 when a bipartisan gang led by Senators Bob Dole and Daniel Patrick Moynihan cracked heads and persuaded Congress to move up some already planned payroll-tax hikes and shove back the full retirement age to 67 for future generations. Since then, Social Security has run a surplus. From an actuarial standpoint, this mostly solved the problem of funding the boomers' retirement. It also meant that the boomers will, as a group, put more into Social Security than they get out. (That's true of all age cohorts born since...

Author: /time Magazine | Title: The Boomers Hit 62 | 1/3/2008 | See Source »

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